(b) - Your answer is partially correct. Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 108 at December 31, 2027. Splish Co. Balance Sheet (Partial) December 31, 2027 Current Liabilites Bonds Payable Add Premtum on Bonds Payable Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 99 at December 31, 2027. Splish Co. Balance Sheet (Partial) December 31, 2027 $2960000 \begin{tabular}{l} 236800$ \\ \hline \end{tabular} 1 Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 99 at December 31, 2027. Current Llabilites Bonds Payable $2960000 Less Dlscount on Bonds Payable 29600 $ Splish Co. sold \$2,960,000,8\%, 10-year bonds on January 1, 2027. The bonds were dated January 1, 2027, and pay interest on January 1 . Financial statements are prepared annually. (a) Prepare a tabular summary to record issuance of the bonds assuming they sold at (1) 108 and (2) 99 . (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)